WHY REFINANCE?
Here are the top reasons to consider refinancing:
Lower mortgage rate-helps decrease your monthly payment, also saves you money on interest
Changing Rate from Adjustable to fixed-so you will always know your payment and do not have to worry about an increase
Cash out to buy another home quickly
Cash out to payoff credit card debt to reduce monthly payments
Combine a First and second mortgage for one payment
Remove someone from the loan so one person will be responsible for payment (ex: divorce)
Switch from FHA to conventional when you have 20% equity to remove monthly mortgage insurance premium (MIP)